Champion Iron Limited (TSE:CIA) Given Average Rating of “Buy” by Analysts

Shares of Champion Iron Limited (TSE:CIA) have been given an average recommendation of “Buy” by the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$6.13.

CIA has been the topic of a number of recent analyst reports. B. Riley Financial raised Champion Iron to a “strong-buy” rating in a research note on Friday, January 30th. Desjardins lifted their target price on Champion Iron from C$6.00 to C$7.00 and gave the stock a “buy” rating in a report on Monday, January 5th. Finally, Raymond James Financial boosted their price target on Champion Iron from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, December 23rd.

Champion Iron Trading Down 4.2%

CIA opened at C$4.74 on Friday. Champion Iron has a twelve month low of C$3.29 and a twelve month high of C$6.14. The company has a fifty day moving average of C$5.53 and a 200-day moving average of C$4.95. The stock has a market cap of C$2.53 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of -1.35 and a beta of 0.63. The company has a quick ratio of 2.01, a current ratio of 2.56 and a debt-to-equity ratio of 67.59.

Champion Iron Company Profile

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company’s operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O’keefe-Purdy, and others.